The Pelicans have officially picked up their 2014/15 options on Anthony Davis and Austin Rivers, the team announced today in a press release. The move ensures that both Davis and Rivers will be on guaranteed contracts through 2015, with the Pelicans holding additional team options on both players for 2015/16.

There was no doubt that the Pelicans would exercise their option on Davis, last year’s No. 1 overall pick. Rivers didn’t have nearly as successful a rookie campaign as the Kentucky big man, but very few lottery picks have their options turned down, and New Orleans still has high hopes for the former Duke guard.

Davis will be in line for a salary of about $5.61MM in 2014/15, while Rivers will earn a guaranteed $2.44MM. Their salaries will bring the Pelicans’ total commitments up to about $52.1MM for six players, including Eric Gordon, Tyreke Evans, Jrue Holiday, and Ryan Anderson.

You can follow all of this month’s rookie contract option decisions right here.